“As we look back on our strategic commitment to fortify our portfolio we
are pleased to see solid results. This is evidenced by both our
residential and commercial occupancy levels running higher than last
year, and significantly higher over the previous several years,” stated
CEO and President Daniel J. Moos. “We’re also starting to see new
development opportunities, providing us with enhanced ability to sell
various land assets; which is of particular importance to IOT. We will
continue to adapt to the improved results in the Texas and surrounding
regions’ real estate market and are cautiously optimistic about the
future as the market continues to improve.”

With over 40 years in the real estate industry, Gene Phillips, advisory
source to Pillar Income Asset Management, Inc., notes that the changes
in the current market are in keeping with his experience through
previous recessions. “The U.S. residential real estate market grew
steadily in 2013, and I foresee steady growth in commercial real estate
in 2014. It’s commonly known that the U.S. economy recovers on the back
of the real estate industry. In particular, a low tax environment and
low cost of living enhance Texas recovery even further as major
investors and corporations look to our state and neighboring states for
relocation and development opportunities.”

Beginning in 1985,Income
Opportunity Realty Investors, Inc.(NYSE MKT: IOT) has
been committed to creating greater shareholder value through the
acquisition, financing, operation and sale of real estate across the
United States. Income Opportunity's business is investing in equity
interests in real estate through direct equity investments and
partnerships, and financing real estate and real estate-related
activities through investments in mortgage loans. All of our real estate
is located in the southwest region of the continental United States.